Proof that Bank of America Merrill Lynch is still making a lot of experienced hires in Europe

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At last, some unequivocal good news: Bank of America Merrill Lynch may be cutting investment banking jobs as part of its New Bac Phase 2 cost cutting initiative, but in London it is also covertly hiring.

Figures from research firm IMAS reveal that both Bank of America Securities and Merrill Lynch International (registered as separate entities), were among the biggest hirers in London last month. Some of these hires were predictably this year's analyst and associate class, but a lot were experienced professionals hired from rival firms.

Our own research reveals that Bank of America Merrill Lynch added the following 24 people to the FSA register in August. Many have come from banks which are cutting back, like Nomura or RBS (although these people may not have fallen victim to the cutbacks.) Say what you like, BAML is still hiring in London and seems to have been strengthening in everything from FX sales to equity research.

1. Mrs Lesley Margaret White

Lesley White joined as EMEA GTS product executive for corporates.

2. Mr Milan Tomic

FX Hedge fund sales, formerly at Morgan Stanley

3. Mr Vishal Khiroya

A credit trader, formerly at  BNP Paribas.

4. Mr Oliver William Blower

Came from BarCap – appears to be an OTC derivatives clearing specialist

5. Mr Diego Actis

Emerging markets trader. Last registered with the FSA at Deutsche in 2006.

6. Mr Mehdi Mohammed Barouti

Rates trader – previously an M&A analyst in Morocco – although was a global markets analyst at Merrill Lynch in London for three months on the rates desk in 2011. Possibly an analyst.

7. Mr Tariq Lawrence Haider

Former head of the options desk at SocGen

8. Mr Hengjui Tsao

Came from Barclays Capital, where he worked for 4 years. Structured funding/CVA trader.

9. Mr Felipe De Vengoechea

Previously of RBS, where he was a director of leveraged credit sales. Joined BofA in the same position.

10. Miss Saraniya Thirunathan

Came from Credit Suisse – FX sales.

11. Mr Christopher William Clive Lees

Hired from Citi. DCM professional.

12. Mr Kamaru Kenneth Erumusele Alofoje

Experienced associate – emerging markets structuring. Previously an associate in prime brokerage at JPMorgan.

13. Mr Laurent Haim Benarroch

Hired from RBS. Derivatives.

14. Mr Hamish William George Clegg

Previously executive director at JPMorgan. Works in specialist oil and gas sales

15. Mr Sem Hamzaoui

Previously equity derivatives analyst at Nomura

16. Mr Akshay Sawhney

Came from Deutsche, corporate equity derivatives origination

17. Mr Kartikeyan Swaminathan

Equity analyst, mining and steel. Last registered at Goldman in November 2011.

18. Mr Arzhang Kaynama

Precious metals trader, previously of Credit Suisse

19. Mr Simon Thomas Fothergill

Previously of Citigroup. Oil trader.

20. Mr Alexander Sacheverell Wilmot-Sitwell

New head of Europe and emerging markets, hired from UBS.

21. Mr Michael Georges Sebastian Kagohiros

Joined from JPMorgan.  Equity research – aerospace and defence.

22. Mr Justin Elfyn Morris

Last worked at RBC.

23. Sherri Malek     

Last registered at Goldman Sachs in July 2007. Equity research associate. Studied at Imperial.

24. Mr Riadh Koubaa

Director of execution services, hired from Credit Suisse.


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